Following a surprising suspension of the active payment instrument facility for Bitcoin in the first week of January, Microsoft has doubled back on its tracks. Maybe the rollercoaster ride of Bitcoin on year-end markets caused executives to worry, but they have since decided to accept Bitcoin payments again in their online store.
\r\nCustomer support sources cited the instability of the cryptocurrency, which plunged significantly in value after its pre-Christmas high of $20,000. Many users are also apparently protesting about confirmation delays and the level of fees. However, an unnamed Microsoft representative has now confirmed that Bitcoin has been restored as a payment method on their Microsoft Store site, although customers will be able to redeem lower amounts than previously.
\r\nMicrosoft first included Bitcoin as a payment option for purchasing digital goods and services in 2014. American Microsoft customers were enabled to use the cryptocurrency to buy digital content such as games, videos and apps from its various platforms, including Windows, Xbox and Windows Phone.
\r\nAnother provider who dropped Bitcoin from its payment options in December was an online gaming platform called Steam. The company also cited chronic problems with the high transaction fees for the cryptocurrency as well as its price volatility.
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